Zeta Global (NYSE:ZETA) Upgraded at KeyCorp

Zeta Global (NYSE:ZETA - Get Free Report) was upgraded by research analysts at KeyCorp to a "strong-buy" rating in a research report issued on Monday, Zacks.com reports.

Other equities analysts have also recently issued reports about the stock. Roth Mkm lifted their price target on shares of Zeta Global from $33.00 to $44.00 and gave the stock a "buy" rating in a research report on Tuesday, October 1st. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $34.00 price objective on shares of Zeta Global in a research report on Wednesday, October 9th. Craig Hallum boosted their price objective on shares of Zeta Global from $35.00 to $37.00 and gave the company a "buy" rating in a research report on Friday, September 27th. Morgan Stanley cut shares of Zeta Global from an "overweight" rating to an "equal weight" rating and boosted their price objective for the company from $18.00 to $30.00 in a research report on Thursday, August 1st. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $36.00 price objective on shares of Zeta Global in a research report on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Zeta Global presently has an average rating of "Buy" and a consensus target price of $35.38.

Zeta Global Price Performance

Shares of Zeta Global stock traded up $0.05 during midday trading on Monday, reaching $26.45. The company had a trading volume of 106,023 shares, compared to its average volume of 2,481,853. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $5.79 billion, a price-to-earnings ratio of -24.91 and a beta of 1.27. The stock has a fifty day simple moving average of $27.63 and a 200 day simple moving average of $20.57. Zeta Global has a 1-year low of $7.38 and a 1-year high of $34.14.

Zeta Global (NYSE:ZETA - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.26). Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The company had revenue of $227.80 million during the quarter, compared to analyst estimates of $212.44 million. During the same period in the prior year, the business earned ($0.32) EPS. The business's revenue for the quarter was up 32.6% on a year-over-year basis. As a group, equities research analysts forecast that Zeta Global will post -0.41 earnings per share for the current year.

Institutional Trading of Zeta Global

A number of institutional investors have recently made changes to their positions in ZETA. Harbour Capital Advisors LLC bought a new stake in shares of Zeta Global during the third quarter valued at approximately $769,000. Vanguard Group Inc. boosted its position in Zeta Global by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 16,286,528 shares of the company's stock valued at $143,647,000 after buying an additional 370,912 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Zeta Global by 99.3% in the first quarter. Russell Investments Group Ltd. now owns 554,597 shares of the company's stock valued at $6,062,000 after buying an additional 276,294 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in Zeta Global in the 1st quarter worth approximately $4,113,000. Finally, Bwcp LP boosted its position in Zeta Global by 6.2% in the 2nd quarter. Bwcp LP now owns 1,805,867 shares of the company's stock worth $31,874,000 after purchasing an additional 106,034 shares in the last quarter. Hedge funds and other institutional investors own 75.82% of the company's stock.

Zeta Global Company Profile

Zeta Global Holdings Corp. operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software in the United States and internationally. The company's Zeta Marketing Platform analyzes billions of structured and unstructured data points to predict consumer intent by leveraging sophisticated machine learning algorithms and the industry's opted-in data set for omnichannel marketing; and Consumer Data platform ingests, analyzes, and distills disparate data points to generate a single view of a consumer, encompassing identity, profile characteristics, behaviors, and purchase intent.